Purchase of Shares Clause Example from Business Contracts

This example Purchase of Shares clause appears in 3 contracts from 3 companies

Purchase of Shares. For the sum of $25,000, which the Company acknowledges receiving in cash, the Company hereby sells and issues the Shares to the Subscriber, and the Subscriber hereby purchases the Shares from the Company, subject to the forfeiture provisions of Section 3 below, on the terms and subject to the conditions set forth in this Agreement. Concurrently with the Subscriber's execution of this Agreement, the Company shall register the Shares in the name of the Subscriber on the register of members of the ...Company. View More